Answer:
Systematic management
Explanation:
Systematic management is an approach of management which focus on the process of the management instead of the final outcome. The objectives of this approach to the management are:
To establish the particular procedures and processes to be used in the completion of the job task.
So, the systematic management is the one which focus on the internal operations as managers are concerned with the growth brought about through the Industrial Revolution.
The answer is D. Cash float. At the start of every shift in the retail business your register should always start with a specific amount in it and that amount depends on your place of employment
Good for the company cause the more loyal a customer is the more they will want to spread your sells advertisemants and recommend you to other company.
This Statement is True. Leading indicators are events that have been found to occur before changes in business activities.
Business is the practice of earning a living or making money by manufacturing, purchasing, and selling items (such as goods and services). It is also "any profit-making activity or enterprise."
Having a business name does not detach the owner from the business entity, which means the owner is responsible and liable for the business's debts. Creditors may seize the owner's personal belongings if the company incurs debts. In a business structure, corporate tax rates are not permissible. All business income is taxed directly to the proprietor.
The phrase is also frequently used informally (though not by lawyers or public authorities) to refer to a business or cooperative.
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Answer:
1. 120 hot dogs per day
2. $1,920
3. Inelastic
4.200
Explanation:
1. Break even is a term given to a situation where there is no profit or loss made by an organization for product sales.
Formula is;
Fixed cost /contribution per unit, where contribution per unit is selling price - variable price.
Solution.
Since Total fixed cost =$1,200, Selling price=$16, Variable costs=$6
=Fixed costs/(Selling price - Variable costs).
= $1,200/($16 - $6)
=$1,200/$10
=120 hot dogs.
2. Break even point in dollar sales volume. This refers to the number of products that would be produced and sold to cover production cost.
Formular is ;
Fixed cost/contribution per unit× Sales price per unit.
Solution
=Fixed costs/(Selling price - Variable costs)× Selling price.
=$1,200/($16 - $6)×$16
=$1,200/$10×$16
=$1,200×$16/$10
=$19,200/$10
=$1,920
3. The demand would be inelastic. Inelastic demand is when the demand of buyers does not change as much as changes in price.
4. Achieve level of sales target. This is when management wanted to know the sales level at which targeted profit will be achieved.
Formula
Fixed costs + Target profit/Contribution per unit
Solution.
=Fixed costs + Target profit/(Selling Price - Variable costs)
= $1,200 + $800/($16-$6)
=$1,200 + $800/($10)
=$2,000×/$10
=$200
=200 cases would needed to sell
